Rady Abdel Rahem, CMA
Senior Accounting Manager at American University of the Middle East (AUM)- Claim this Profile
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Bio
Credentials
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Blockchain and FinTech: Basics, Applications, and Limitations
edXNov, 2022- Oct, 2024 -
CMA ( certified management accountant )
IMA | Institute of Management AccountantsJun, 2015- Oct, 2024
Experience
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American University of the Middle East (AUM)
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Kuwait
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Higher Education
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500 - 600 Employee
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Senior Accounting Manager
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Jun 2014 - Present
Responsible for day to day finance and accounts operations Develop and maintain timely and accurate financial statements and reports that are appropriate and in accordance with GAAP and IFRSResponsible for month-end, quarter-end and year-end closing of financial reporting of the universityResponsible for Quarterly, Financial year and Academic year audit Responsible for cash flow management and timely payments Assist in preparing the annual budget taking into consideration all the aspects of the university Coordinate with the banks and provide their requirements Review and approve all payment vouchers Reconciling bank accounts and manage all bank related transactions Responsible for reviewing of payroll and disbursement of salaries as per Kuwaiti LawFull supervision over AR , AP , Fixed Assets , GL Preparation of critical journal entries Verification of sponsored organization invoicing Reconcile and review sub ledger reports and submit final trial balance Establish and maintain internal controls to ensure compliance with financial policies and proceduresTaking responsibility for, and supervising the work of the team members in the finance and accounting departmentCoordinate with other university departments including Financial reporting , Monthly budgets , Events & Projects Train and guide new joined staff toward department goals and policies & procedures. Show less
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Accounting Manager
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Jun 2014 - Present
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ABYAT
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Kuwait
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Retail
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500 - 600 Employee
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Senior Accountant
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Oct 2008 - Jun 2014
Develop and maintain timely and accurate financial statements and reports that are appropriate and in accordance with GAAP and IFRS The Preparation of (MIS) the monthly financial reporting package to management and shareholders with relevant analysis and key performance indicators. Ensuring that all accounting allocation are appropriately made and maintain the system of accounting. Prepare productivity reports for all cost centers The Preparation of the Annual Budget with clear assumptions and detailed supporting analysis Updating the budget to ensure better control and monitor the variances The preparation of variance reports and recommend for corrective actions Following up and ensuring the efficiency the implementation of the agreed action plans; Manage and oversee audit process with external auditors & ensure timely closing. Worked with the Information technology team to develop or modify finance reports in SAP system Monthly closing procedures and reconcile of all accounts and adjust trail balance Managing the fixed assets Add or disposal Assets according to the business , posting all depreciation or amortization entries arrange for asset count and verification Managing accounts payables Maintaining suppliers master data , reconcile the supplier balances , prepare Aging report and decide for the due payments Responsible for cash flow management and timely payments Responsible for reviewing of payroll and disbursement of salaries as per Kuwaiti Law Preparation of critical journal entries Establish and maintain internal controls to ensure compliance with financial policies and procedures Train and guide new joined staff toward department goals and policies & procedures Show less
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Education
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Institute of Management Accountants
Master’s Degree, Managment accounting -
Assuit University
Bachelor of Commerce (BCom), Accounting and Finance